When you lose $1mm+ in RTR you'll pay lawyers to file on whatever they tell you you've got any chance at recovery at.

Really at its core this is just jockying between creditors here on non-secured assets. Itria is looking at a goose-egg here and is trying to be proactive.

Really the takeaway should be how about we just not do 7-figure stacked MCA deals on auto sales businesses to begin with???

If you are really worried about the state of the industry this is a prime example of the stupidity/desperation for deal flow going on right now.

Fund less for the time being and just let everyone else blow up in the next 9-24 months.